2012 Electronic Funds Transfer Guidelines (Page 4 of 23) in pdf

Louisiana Department of Revenue

Electronic Funds Transfer Guidelines

2. ACH debit payments

The ACH debit method allows you to transfer funds by authorizing the state to electronically debit your bank ac-

count for the amount you report to the state’s data collection service. Your account will be debited only upon your

initiation and for the amount you specify.

3. ACH credit payments with addenda record

The ACH Credit Payment method allows you to transfer funds by instructing your bank to charge your bank account

and deposit the funds to the Department’s bank account. Because you initiate the transfer, you are responsible

for payment of any bank costs associated with the transfer and your bank must include an addenda record with

the funds transfer to identify your tax account, the tax type, and tax period to which the payment applies. Before

committing to this payment method, you should verify that your financial institution is able to correctly transmit the

addenda record.

More detailed information on the rules and regulations of the National Automated Clearinghouse Association

(NACHA), are available from the association at:

National Automated Clearinghouse Association

13665 Dulles Technology Drive, Suite 300

Herndon, Virginia 20171

1-800-487-9180

www nacha org

4. Payment by other immediately-investible funds

If a taxpayer is required to make electronic payments but is unable to, the taxpayer must make payment by im-

mediately investible funds. Payments by immediately investible funds include cash, cashier’s checks, and money

orders. Taxpayers choosing to pay by immediately investible funds must deliver their payment and tax return to the

Department in person or by courier between the hours of 8:00 a.m. and 4:30 p.m. on or before the due date of the

return. If the due date falls on a weekend or a State of Louisiana legal holiday, the payment and return must be de-

livered on the first business day following the holiday. Bank or Federal Reserve holidays do not affect the due date

of immediately investible funds. Regional offices are only open on certain days. See page 16 for addresses

and phone numbers of the regional offices.

Note: FedWire transfers are not allowed

2012 Electronic Funds Transfer Guidelines Page 4